Greif (GEF.B) Effective Interest Rate on Debt % : 3.75% (As of Jan. 2024)

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What is Greif Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Greif's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $97 Mil. Greif's average total debt for the quarter that ended in Jan. 2024 was $2,583 Mil. Therefore, Greif's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.75%.

Greif Effective Interest Rate on Debt % Historical Data

The historical data trend for Greif's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Greif Effective Interest Rate on Debt % Chart

Greif Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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6.14

4.17

3.49

2.61

4.08

Greif Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.89	3.67	3.99	3.96	3.75

Competitive Comparison of Greif's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Greif's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Greif's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Greif's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Greif's Effective Interest Rate on Debt % falls into.

Greif Effective Interest Rate on Debt % Calculation

Greif's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -96.3	/	( (2175.5	+	2540.4)	/ 2 )
=	-1 * -96.3	/	2357.95
=	4.08 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2048.9	+	126.6
=	2175.5

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2389.5	+	150.9
=	2540.4

Greif's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -96.8	/	( (2540.4	+	2625.4)	/ 2 )
=	-1 * -96.8	/	2582.9
=	3.75 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2389.5	+	150.9
=	2540.4

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2460.2	+	165.2
=	2625.4

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Greif (NYSE:GEF.B) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Greif Effective Interest Rate on Debt % Related Terms

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Greif (GEF.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Greif Inc (NYSE:GEF.B) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

PTVE AMBP OI SEE TRS SLGN MYE PACK KRT SON BALL AVY PKG AMCR WRK IP DUB:SK3 CCK TSX:CCL.A GPK

Traded in Other Exchanges

GEF:USA GB6B:Germany

Address

425 Winter Road, Delaware, OH, USA, 43015

Website

https://www.greif.com

Greif Inc is a producer of industrial packaging products and services with manufacturing facilities located in many countries. It offers a comprehensive line of rigid industrial packaging products, such as steel, fiber, and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, blending, filling, logistics, warehousing, and other packaging services. The company operates in three reportable business segments including Global Industrial Packaging, Paper Packaging and Services, and Land Management. It operates in North and Latin America, Europe, Middle East, Africa and Asia Pacific regions.